Business, Economy, 1st Oct 2017, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 10:12 PM IST

Business Economy 01 Oct 2017

Business, Economy, 01 Oct 2017

Former RBI Governor C Rangarajan on Sunday said the government needs to take quick measures to push the growth.

Govt needs to take measures to push growth: C Rangarajan

The government needs to take quick action for the economy to pick up 'really fast', Rangarajan said.

01 Oct 2017 5:43 PM

Income inequality in the country is "likely to exacerbate" due to the government's inability to create jobs, said a study. (Photo: Pixabay)

Income inequality, unemployment to give rise to social problems: study

The study said the bottom 50 per cent of the country's population accounts for only 11 per cent of the national income.

01 Oct 2017 4:44 PM

Jet fuel or ATF price was on Sunday hiked by a steep 6 per cent and LPG rate was hiked by Rs 1.50 per cylinder. Photo: PTI

Jet fuel price hiked by 6 per cent; LPG costlier by Rs 1.50 a cylinder

The hike in LPG price comes on the back of over Rs 7 per cylinder increase effected from September 1.

01 Oct 2017 4:00 PM

The Indian government has encouraged state-controlled refiners to buy US and Canadian crude from the US Gulf coast as it looks at cheaper alternatives that have emerged due to global supply glut.

India to get its first US oil shipment tomorrow

Indian Oil Corp (IOC) in early July booked the first US cargo, opening floodgates for others to come.

01 Oct 2017 3:17 PM

Assocham has urged the government to relax fiscal deficit targets and boost public expenditure as a means to accelerate India's economic growth. Photo: AP/Representational

Govt should relax fiscal deficit targets, boost expenditure: Assocham

It said India Inc is looking up to the government to take the 'out of ordinary' measures to accelerate growth.

01 Oct 2017 2:32 PM

Finance Minister Arun Jaitley on Sunday once again hinted that there is scope for lesser slabs under the Goods and Services Tax. Photo: PTI

Arun Jaitley hints at lesser GST slabs in future

The Finance Minister there is space for improvement, eventually once the economy becomes revenue neutral.

01 Oct 2017 1:33 PM

Union Finance Minister Arun Jaitley on Sunday stated that people who demand development of the nation need to pay what is required of them. (Photo: PTI)

Jaitley urges those demanding development to pay their due

Jaitley opined that 'revenue is the lifeline of governance' and would help in taking India from a developing to developed economy.

01 Oct 2017 1:15 PM

India has sharply increased its exposure to US government securities with holdings worth USD 135.7 billion at the end of July. Photo: PTI

India's holdings of US govt securities touch USD 135.7 billion

India has increased its purchase of American government securities and is the third largest holder among the BRICS group.

01 Oct 2017 12:14 PM

Goods and Services Tax (GST) may have an adverse impact on the Bhutanese economy through trade and revenue channels, said an ADP report.

Bhutanese economy likely to be impacted by GST: ADB

Bhutan's imports will likely increase as Indian exports are zero rated under GST, making the imports cheaper.

01 Oct 2017 11:47 AM

RIL was among the eight of 10 most valued firms that lost Rs 82,653 crore in m-cap.

Eight of 10 most valued cos lose Rs 82,653 crore in m-cap

In m-cap ranking of top-10 firms, RIL stood at number one, followed by TCS, HDFC Bank, ITC, HDFC, HUL, Maruti, SBI, ONGC and Infosys.

01 Oct 2017 11:17 AM

The Centre is ready to partially fund modern bus terminals to be set up by states, said Union Minister Nitin Gadkari. (Photo: PTI)

Centre ready to bear 4 per cent cost of modern bus terminals: Gadkari

Vadodara, Ahmedabad, Surat bus terminals can be replicated in the entire country, the minister said.

01 Oct 2017 10:37 AM

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Sanjeev Ahluwalia